Welcome to our dedicated page for Xtra Energy news (Ticker: XTPT), a resource for investors and traders seeking the latest updates and insights on Xtra Energy stock.
Xtra Energy Corporation (XTPT) is a Nevada-based exploration company focused on advancing its American Antimony project through advanced geological methods and NI 43-101 compliant studies. This page provides investors and industry observers with direct access to official corporate announcements, technical reports, and operational updates.
Discover timely information on resource estimates, exploration milestones, and strategic initiatives. Our curated news collection includes press releases detailing geochemical assay results, satellite mapping progress, and compliance updates. All content is sourced directly from company filings and verified industry partners.
Key updates cover three critical areas: mineral resource validation through petrographic analysis, exploration technology deployments including high-resolution satellite surveys, and regulatory developments impacting antimony supply chains. Bookmark this page to monitor XTPT's progress in consolidating historic mining claims and modernizing exploration methodologies.
Xtra Energy (OTC PINK:XTPT) announced the acquisition of the Antimony King Mine in the Bernice Mining District of Nevada. This mine, the largest past-producer of antimony in the region, spans four lode claims covering around 80 acres. The acquisition aims to unify the district and enhance the company's flagship project, American Antimony. The site has historically produced stibnite, gold, and cervantite, with reported antimony grades of 12.71% to 33.42%, and selective mining capable of yielding 60% antimony ore.
The consideration for the acquisition involves issuing 2,500 preferred shares, convertible to 5 million common shares of XTPT. Xtra Energy's leadership views this strategic move as a step towards becoming a leading antimony asset in the U.S. The company plans to leverage this acquisition to reshape the antimony market landscape and provide long-term access to this critical metal.
Xtra Energy Corp. has engaged Avrom E. Howard, MSc, PGeo, to conduct a NI 43-101 Technical Report on the American Antimony Project near Eastgate, Nevada. This development is a significant step forward in the exploration and potential development of the project. The project is located approximately 31 miles northeast of Eastgate, Nevada, and Xtra Energy holds 100% ownership of a 4276-acre property with historical antimony mines. Avrom E. Howard is an experienced exploration geologist with international expertise in various mineral commodities and geological settings. He has the necessary qualifications to provide this report in accordance with NI 43-101 guidelines. Xtra Energy's Chairman and CEO, Mac J. Shahsavar, P.Eng., is optimistic about the collaboration and the insights it will bring to the company's strategic decisions.
